N.J. Assembly panel releases bill to issue Irene repair bonds
A bill released yesterday by the New Jersey Assembly Environment and Solid Waste committee would issue $100 million in bonds to repair Hurricane Irene damage.
NJ.com reports this bond won’t need voter approval, as it meets the “emergency caused by disaster or an act of God” qualification. The Emergency Transportation and Water Infrastructure Recovery Bond Act of 2011 would allot $50 million each to towns and counties for water and transportation infrastructure repairs.
The Senate Budget Committee released its own version of the bill earlier this month.
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